River & Mercantile Asset Management LLP increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 11.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 47,365 shares of the bank’s stock after purchasing an additional 4,843 shares during the period. River & Mercantile Asset Management LLP’s holdings in HDFC Bank were worth $4,457,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Mainstay Capital Management LLC ADV acquired a new stake in HDFC Bank during the second quarter worth approximately $105,000. Daiwa Securities Group Inc. lifted its position in HDFC Bank by 900.0% during the third quarter. Daiwa Securities Group Inc. now owns 1,500 shares of the bank’s stock worth $141,000 after acquiring an additional 1,350 shares during the last quarter. Oak Grove Capital LLC lifted its position in HDFC Bank by 200.0% during the third quarter. Oak Grove Capital LLC now owns 1,500 shares of the bank’s stock worth $141,000 after acquiring an additional 1,000 shares during the last quarter. Pitcairn Co. acquired a new stake in HDFC Bank during the second quarter worth approximately $201,000. Finally, Portland Global Advisors LLC acquired a new stake in HDFC Bank during the third quarter worth approximately $224,000. Institutional investors and hedge funds own 18.84% of the company’s stock.

NYSE HDB opened at $100.46 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.96. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $112.10. The company has a market capitalization of $87.74 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96.

HDB has been the subject of several research reports. Zacks Investment Research upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. ValuEngine downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

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HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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